Discontinued — last reported Q1 '26

Business Segments · Operating Income (Loss)

Consulting — Operating Income (Loss)

MRSH Consulting — Operating Income (Loss) increased by 4.8% to $525.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 15.1%, from $456.00M to $525.00M. Over 3 years (FY 2021 to FY 2024), Consulting — Operating Income (Loss) shows an upward trend with a 5.6% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityStable
First reportedQ1 2016
Last reportedQ1 2026
Rolls up toOperating Income

How to read this metric

An increase indicates improved operational efficiency or higher margins within the consulting practice, while a decrease may signal rising costs, pricing pressure, or reduced demand for consulting services.

Detailed definition

This metric represents the profitability of the consulting business segment after deducting operating expenses from segm...

Peer comparison

Comparable to segment-level operating income reported by other global professional services and management consulting firms.

Metric ID: mrsh_segment_consulting_segment_operating_income_loss

Historical Data

19 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q1 '26
Value$344.00M$404.00M$395.00M$392.00M$475.00M$350.00M$336.00M$411.00M$388.00M$424.00M$443.00M$432.00M$410.00M$462.00M$466.00M$456.00M$456.00M$501.00M$525.00M
QoQ Change+17.4%-2.2%-0.8%+21.2%-26.3%-4.0%+22.3%-5.6%+9.3%+4.5%-2.5%-5.1%+12.7%+0.9%-2.1%+0.0%+9.9%+4.8%
YoY Change+38.1%-13.4%-14.9%+4.8%-18.3%+21.1%+31.8%+5.1%+5.7%+9.0%+5.2%+5.6%+11.2%+8.4%+15.1%
Range$336.00M$525.00M
CAGR+9.9%
Avg YoY Growth+7.6%
Median YoY Growth+5.7%
Current Streak3 quarters growth

Frequently Asked Questions

What is MRSH's consulting — operating income (loss)?
MRSH (MRSH) reported consulting — operating income (loss) of $525.00M in Q1 2026.
How has MRSH's consulting — operating income (loss) changed year-over-year?
MRSH's consulting — operating income (loss) increased by 15.1% year-over-year, from $456.00M to $525.00M.
What is the long-term trend for MRSH's consulting — operating income (loss)?
Over 3 years (2021 to 2024), MRSH's consulting — operating income (loss) has grown at a 5.6% compound annual growth rate (CAGR), from $1.50B to $1.77B.
What does consulting — operating income (loss) mean?
The profit earned by the consulting business segment after accounting for all direct operating costs.